Premier Foods plc (LON:PFD) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Premier Foods plc (LON:PFD) have been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is GBX 244.

A number of equities analysts have weighed in on PFD shares. Shore Capital Group reaffirmed a “house stock” rating on shares of Premier Foods in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Premier Foods from GBX 240 to GBX 250 and gave the company a “buy” rating in a research note on Friday, May 15th. Royal Bank Of Canada boosted their price objective on shares of Premier Foods from GBX 210 to GBX 230 and gave the stock a “sector perform” rating in a research report on Friday, May 15th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 230 price objective on shares of Premier Foods in a report on Friday, May 15th.

Insiders Place Their Bets

In other news, insider Duncan Leggett sold 6,344 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of GBX 203, for a total transaction of £12,878.32. Also, insider Alex Whitehouse sold 9,794 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of GBX 203, for a total value of £19,881.82. In the last 90 days, insiders have sold 22,482 shares of company stock valued at $4,563,846. 1.68% of the stock is currently owned by corporate insiders.

Premier Foods Price Performance

Shares of PFD stock opened at GBX 198.60 on Friday. The stock’s fifty day simple moving average is GBX 201.92 and its 200 day simple moving average is GBX 191.66. Premier Foods has a one year low of GBX 165.20 and a one year high of GBX 211.60. The firm has a market cap of £1.71 billion, a price-to-earnings ratio of 12.81, a P/E/G ratio of 1.44 and a beta of 0.60. The company has a debt-to-equity ratio of 24.06, a current ratio of 0.75 and a quick ratio of 0.41.

Premier Foods (LON:PFD) last issued its quarterly earnings data on Thursday, May 14th. The company reported GBX 15.80 earnings per share for the quarter. The firm had revenue of GBX 117.55 billion for the quarter. Premier Foods had a net margin of 11.62% and a return on equity of 9.74%. On average, analysts expect that Premier Foods will post 13.2607117 earnings per share for the current fiscal year.

About Premier Foods

Premier Foods plc, together with its subsidiaries, manufactures and distributes branded and own label food products in the United Kingdom, other European countries, and internationally. The company operates through Grocery, Sweet Treats, and international segments. It offers a portfolio of product categories, including flavorings and seasonings under the Bisto, OXO, Paxo, and Saxa brands; cooking sauces and accompaniments under the Sharwood's, Loyd Grossman, Spice Tailor and Homepride brands; quick meals, snacks, and soups under the Batchelors and Smash brands; ambient desserts under the Ambrosia, Bird's, and Angel Delight brands; and ambient cakes under the Mr Kipling and Cadbury brands.